PSU NEWS
CIL-NTPC JV to revive fertiliser plants at Sindhri Gora
KOLKATA. Coal India on Monday said it has entered into an agreement with state-run power company NTPC for revival of two fertiliser plants following the direction from nodal ministries after a meeting at the PMO.
As per the deal, the 50-50 joint venture company will establish and operate new fertiliser complex (ammonia urea) at Gorakhpur and Sindri units of the Fertilizer Corporation of India Limited (FCIL) and to market its products, it said. “Ministries of Coal and Power directed CIL and NTPC to enter into joint venture for revival of these projects and hence JV agreement was signed between two companies,” CIL said in an NSE filing.
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